March 3, 2017

#CDFIsInvest: Stand With CDFIs to Promote Equity and Economic Development

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#CDFIsInvest

Through the stories we share about the people and communities we serve, you have witnessed the powerful impact of Community Development Financial Institutions (CDFIs). The CDFI industry is comprised of more than 1,000 private financial institutions working alongside small business owners and local developers in every state across America to promote equity and economic development in communities that have been overlooked.

Because CDFIs are using market-based approaches to address social problems, we have long had strong bipartisan support in Congress. But we cannot take that for granted.

Both Republicans and Democrats support the work we do, and their constituents benefit from the investments we make. Now it’s time to remind them that we are making a difference in their communities and in the lives of those they have been elected to serve.

I am asking you to stand in support of CDFIs and add your voice to the #CDFIsInvest campaign – urging Congress to support a $250 million budget for the CDFI Fund for fiscal years 2017 and 2018.

This level of funding is consistent with what the CDFI Fund has received since 2010, and it is what our industry needs to maintain our high level of impact. Just last year, financing provided by the CDFI Fund helped to create more than 36,000 jobs; finance 34,000 homes; provide loans to 11,000 small businesses and so much more.

Now is not the time to limit the efficacy of CDFIs, and Congress needs to hear from you that this is a priority for our communities and our future. Learn more about how to get involved here.

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